3. Taking the most recent year in which there are four quarters of data shown, what percent of total fiscal year earnings does the best quarter represent?

Target was mentioned in the chapter as a company that has a high degree of seasonality (and associated working capital issues). Let’s use the Internet to examine the seasonality.
Go to www.tai-get.com. Click on “About Target.” Click on “Investors.” Click on “Earnings Estimates.” You will see a number of years of data, both historical and future.